Bogota Financial Corp. is a Maryland corporation formed in September 2019 to serve as the bank holding company for Bogota Savings Bank as part of the mutual holding company reorganization. The company’s sole purpose is to hold the common stock of Bogota Savings Bank and to make a loan to the employee stock ownership plan of Bogota Savings Bank. It does not engage in any other business activities. Its executive offices are located at 819 Teaneck Road Teaneck New Jersey 07666.

Bogota Financial Corp. generates revenue primarily through dividends received from its subsidiary Bogota Savings Bank. It also earns interest income on the loan it made to the employee stock ownership plan of Bogota Savings Bank. No other sources of revenue are reported.

Bogota Financial Corp.’s position in the industry derives from the standing of its subsidiary Bogota Savings Bank which operates as a community bank in northern New Jersey. The bank competes for deposits and loans with numerous other financial institutions including regional players and national banks such as Bank of America JPMorgan Chase Wells Fargo Citibank TD Bank M&T Bank and PNC Bank as well as local credit unions. Bogota Savings Bank seeks to differentiate itself by emphasizing local relationships responsive service and a focus on the needs of individual and business customers in its market area. This approach helps the holding company maintain a stable source of dividends and supports its overall standing in the banking sector.

Bogota Financial Corp. serves its public shareholders who hold its common stock and receives dividends from its wholly owned subsidiary Bogota Savings Bank. The company does not have direct retail customers beyond its subsidiary.